Pioneer Group has acquired under the offer from investors series 01 bonds at 100% of par value. Securities in the amount of 800 million 387 thousand ruble have been brought to maturity. Treasury bonds account for almost 40% of total output. To acquire them the company used its own funds.
Pioneer Group entered the public debt market in October 2013. Then our company carried out the placement of bonds worth 2 bln. rub. with maturity of 3 years and a put option in 1.5 years, becoming one of the few real estate market companies to gain the trust of investors. “The fact is that in the post-crisis period, the bond market was virtually closed to developers,”- said General Director of Pioneer Group Andrei Grudin. “In today’s economic realities, the fulfillment of obligations to investors is a clear evidence of the stable position of the company, the result of the right strategy for its development and well-calculated business model,” – he commented on the results of bond redemption.
“Conscientiously fulfilling our obligations, we have confirmed the status of a reliable borrower. After the restoration of the debt capital market, the company plans to continue the practice of raising funds through the placement of new bonds “- added the financial director of Pioneer Group Andrei Tyutchenko.